Is Byron Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Byron Township has remained a Seller's Market.
Housing Prices in Byron Township, IL
How much do homes in Byron Township, IL cost?
Median Sold Price
$256,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Byron Township was $256,000 in May 2024, up 5.3% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $125K | N/A |
2 Bedrooms | $136K | $212.7K | +56.4% |
3 Bedrooms | $237K | $250.5K | +5.7% |
4 Bedrooms | $280K | $258K | -7.9% |
5+ Bedrooms | $255K | $445K | +74.5% |
Summary: Byron Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 56.4%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes increased by 74.5%.
Median Sold Price Compared To Nearby Cities
Winnebago Township | $194.5K | $242.5K | +24.7% |
Byron | $225K | $255.4K | +13.5% |
Byron Township | $243K | $256K | +5.3% |
Marion Township | $175K | $184K | +5.1% |
Housing Supply in Byron Township, IL
How many homes are available in Byron Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 12 | 0.0% |
Summary: The Byron Township real estate market had 12 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 6 | 4 | -33.3% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Byron Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
0 | 5 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Byron Township in May 2024, up by 100.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Byron Township, IL
How long does it take to sell a home in Byron Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
47 Days | 8 Days | -82.6% |
Summary: Homes in Byron Township had an average of 8 days on market in May 2024, down by 82.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Byron Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.